China’s economic growth has transformed the country from one of the poorest in the world to its second largest economy. The drivers of growth remain elusive, as the country is affected by both its transition from central planning and the challenges of a developing country. This …
Property rights are the rules governing ownership in society. This Element offers an analytical framework to understand the origins and consequences of property rights. It conceptualizes of the political economy of property rights as a concern with the follow questions: What exp…
Property rights are the rules governing ownership in society. This Element offers an analytical framework to understand the origins and consequences of property rights. It conceptualizes of the political economy of property rights as a concern with the follow questions: What exp…
With the eclipse of the New Right, politicians now admit that society is in crisis. Something must be done, but, explain the authors, governments will fail again unless they shake off the economic orthodoxy that is now one of the problems rather than the means to a solution. Thi…
With the eclipse of the New Right, politicians now admit that society is in crisis. Something must be done, but, explain the authors, governments will fail again unless they shake off the economic orthodoxy which is now one of the problems rather than the means to a solution. --…
The separation between ownership and control has become common practice over the last century, in most medium and large firms across the world. Throughout the twentieth century, the theory of the firm and the theory of industrial organization developed parallel and complementary…
Before the onset of the global financial crisis in late 2008, countries in Eastern Europe and Central Asia (ECA) experienced strong economic growth. Demand for electricity increased steadily with gross domestic product (GDP). GDP grew, on average, 6.5 percent between 2000 and 20…